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Consolidated Statement of Earnings (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Revenues:      
Property and casualty insurance net earned premiums $ 3,878us-gaap_PremiumsEarnedNetPropertyAndCasualty $ 3,204us-gaap_PremiumsEarnedNetPropertyAndCasualty $ 2,847us-gaap_PremiumsEarnedNetPropertyAndCasualty
Life, accident and health net earned premiums 108afg_LifeAccidentAndHealthPremiums 114afg_LifeAccidentAndHealthPremiums 318afg_LifeAccidentAndHealthPremiums
Net investment income 1,501us-gaap_NetInvestmentIncome 1,346us-gaap_NetInvestmentIncome 1,301us-gaap_NetInvestmentIncome
Realized gains (losses) on:      
Securities 52us-gaap_MarketableSecuritiesRealizedGainLoss 221us-gaap_MarketableSecuritiesRealizedGainLoss 210us-gaap_MarketableSecuritiesRealizedGainLoss
Subsidiaries 0afg_RealizedGainsLossesOnSubsidiaries (4)afg_RealizedGainsLossesOnSubsidiaries 161afg_RealizedGainsLossesOnSubsidiaries
Income (loss) of managed investment entities:      
Investment income 116afg_InvestmentIncomeOfManagedInvestmentEntities 128afg_InvestmentIncomeOfManagedInvestmentEntities 125afg_InvestmentIncomeOfManagedInvestmentEntities
Loss on change in fair value of assets/liabilities (44)afg_LossOnChangeInFairValueOfAssetsAndLiabilitiesOfManagedInvestmentEntities (14)afg_LossOnChangeInFairValueOfAssetsAndLiabilitiesOfManagedInvestmentEntities (94)afg_LossOnChangeInFairValueOfAssetsAndLiabilitiesOfManagedInvestmentEntities
Other income 102us-gaap_OtherIncome 97us-gaap_OtherIncome 89us-gaap_OtherIncome
Total revenues 5,713us-gaap_Revenues 5,092us-gaap_Revenues 4,957us-gaap_Revenues
Costs and Expenses:      
Property and casualty insurance: Losses and loss adjustment expenses 2,494us-gaap_IncurredClaimsPropertyCasualtyAndLiability 2,040us-gaap_IncurredClaimsPropertyCasualtyAndLiability 1,873us-gaap_IncurredClaimsPropertyCasualtyAndLiability
Property and casualty insurance: Commissions and other underwriting expenses 1,172afg_PropertyAndCasualtyCommissionsAndOtherUnderwritingExpenses 1,019afg_PropertyAndCasualtyCommissionsAndOtherUnderwritingExpenses 887afg_PropertyAndCasualtyCommissionsAndOtherUnderwritingExpenses
Annuity benefits 648afg_AnnuityBenefits 531afg_AnnuityBenefits 541afg_AnnuityBenefits
Life, accident and health benefits 164afg_LifeAccidentAndHealthBenefits 160afg_LifeAccidentAndHealthBenefits 356afg_LifeAccidentAndHealthBenefits
Annuity and supplemental insurance acquisition expenses 173afg_AnnuityAndSupplementalInsuranceAcquisitionExpenses 167afg_AnnuityAndSupplementalInsuranceAcquisitionExpenses 282afg_AnnuityAndSupplementalInsuranceAcquisitionExpenses
Interest charges on borrowed money 73us-gaap_InterestExpense 71us-gaap_InterestExpense 75us-gaap_InterestExpense
Expenses of managed investment entities 82afg_ExpensesOfManagedInvestmentEntities 89afg_ExpensesOfManagedInvestmentEntities 80afg_ExpensesOfManagedInvestmentEntities
Other expenses 281us-gaap_OtherCostAndExpenseOperating 326us-gaap_OtherCostAndExpenseOperating 326us-gaap_OtherCostAndExpenseOperating
Total costs and expenses 5,087us-gaap_BenefitsLossesAndExpenses 4,403us-gaap_BenefitsLossesAndExpenses 4,420us-gaap_BenefitsLossesAndExpenses
Earnings before income taxes 626us-gaap_OperatingIncomeLoss 689us-gaap_OperatingIncomeLoss 537us-gaap_OperatingIncomeLoss
Provision for income taxes 220us-gaap_IncomeTaxExpenseBenefit 236us-gaap_IncomeTaxExpenseBenefit 135us-gaap_IncomeTaxExpenseBenefit
Net earnings, including noncontrolling interests 406us-gaap_ProfitLoss 453us-gaap_ProfitLoss 402us-gaap_ProfitLoss
Less: Net earnings (loss) attributable to noncontrolling interests (46)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (18)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (86)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net Earnings Attributable to Shareholders 452us-gaap_NetIncomeLoss 471us-gaap_NetIncomeLoss 488us-gaap_NetIncomeLoss
Earnings Attributable to Shareholders per Common Share:      
Basic (USD per share) $ 5.07us-gaap_EarningsPerShareBasic $ 5.27us-gaap_EarningsPerShareBasic $ 5.18us-gaap_EarningsPerShareBasic
Diluted (USD per share) $ 4.97us-gaap_EarningsPerShareDiluted $ 5.16us-gaap_EarningsPerShareDiluted $ 5.09us-gaap_EarningsPerShareDiluted
Average number of Common Shares:      
Basic (shares) 89.0us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 89.3us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 94.2us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (shares) 91.0us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 91.2us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 95.9us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Cash dividends per Common Share (USD per share) $ 1.91us-gaap_CommonStockDividendsPerShareDeclared $ 1.805us-gaap_CommonStockDividendsPerShareDeclared $ 0.97us-gaap_CommonStockDividendsPerShareDeclared
Supplemental disclosure of Realized gains (losses) on securities:      
Realized gains before impairments 88us-gaap_MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments 233us-gaap_MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments 236us-gaap_MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments
Losses on securities with impairment (36)us-gaap_ImpairmentOfInvestments (14)us-gaap_ImpairmentOfInvestments (27)us-gaap_ImpairmentOfInvestments
Non-credit portion recognized in other comprehensive income (loss) 0us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities 2us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities 1us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities
Impairment charges recognized in earnings (36)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities (12)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities (26)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
Total realized gains on securities $ 52us-gaap_MarketableSecuritiesRealizedGainLoss $ 221us-gaap_MarketableSecuritiesRealizedGainLoss $ 210us-gaap_MarketableSecuritiesRealizedGainLoss